Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Tempe area can be challenging. Home prices in Tempe are now at a median cost of $308,971, higher than the Arizona average of $274,828.
The average cost of rent is $1,468/mo in Tempe, primarily driven by the current value of real estate in the Tempe area. While nearly 38.22% of residents own their homes outright in Tempe, 59.95% rent.
Housing affordability isn’t just about home prices, though. The average household income in Tempe is $5,946 per month. Households that rent pay about 24.68% of their income on rent here. Tempe's most expensive areas are in the southern regions, while the cheapest areas are in the western parts of the city.
Nearby Cities
- Guadalupe, AZ: less expensive homes
- Chandler, AZ: higher priced homes
- Mesa, AZ: less expensive homes
- Gilbert, AZ: higher priced homes
- Sun Lakes, AZ: equally priced homes
- Laveen, AZ: less expensive homes
- Sacate, AZ: less expensive homes
- Higley, AZ: equally priced homes
- Laveen Village, AZ: less expensive homes
- Maricopa Colony, AZ: less expensive homes
Cities with Similar Populations
- Burleson, TX: less expensive homes
- Bloomington, IN: less expensive homes
- Bothell, WA: higher priced homes
- Bloomington, MN: equally priced homes
- Boston, MA: higher priced homes
- Bossier City, LA: less expensive homes
- Broken Arrow, OK: less expensive homes
- Bronx, NY: higher priced homes
- Burlington, NC: less expensive homes
- Bloomington, IL: less expensive homes
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